MSouth Equity buys Southern Air & Heat

MSouth Equity Partners has acquired Southern Air & Heat Holdings LLC, a portfolio company of Pulte Capital Partners LLC. Financial terms weren’t announced. Southern Air & Heat provides service, repair and new installation services to the heating, ventilation, and air conditioning market. Quarton International advised Pulte Capital.

PRESS RELEASE

BIRMINGHAM, Mich., May 23, 2016 /PRNewswire/ — Quarton International is pleased to announce that Southern Air & Heat Holdings, LLC (“Southern Air & Heat,” or the “Company”), a portfolio company of Pulte Capital Partners LLC (“Pulte Capital Partners”), has been acquired by MSouth Equity Partners (“MSouth”). Southern Air & Heat is a leading provider of essential service, repair and new installation services to the heating, ventilation, and air conditioning (“HVAC”) market. The Company operates under two brands: Advanced Air & Heat in the Florida market and Yellow Dot Heating and Air in the North Carolina market. Through these brands, Southern Air & Heat serves over 70,000 homeowners, consistently delivering quality HVAC solutions and exceptional customer service.
Quarton International acted as the exclusive financial advisor to Pulte Capital, working closely with the management team and shareholders throughout the sale process.
Advanced Air & Heat (www.advancedairandheat.com), headquartered inEdgewater, Florida, is a premium provider of HVAC maintenance, repair and replacement services to residential customers in the Florida market.
Yellow Dot Heating and Air (www.ydhvac.com) headquartered in Raleigh, North Carolina, is a premium provider of HVAC maintenance, repair, replacement and new installation services to residential and commercial customers in the North Carolina market.
Pulte Capital Partners (www.pultecapital.com) is a strategic investment firm focused on leading middle market businesses across the building products and construction industry. Headquartered in Chicago, Illinois, Pulte Capital specializes in flexible transaction structures, with particular expertise in strategic partnerships and recapitalizations in which management teams have the opportunity to retain significant ownership stakes.
MSouth Equity Partners (www.msouth.com) is a private equity firm focused on acquisitions and recapitalizations in the lower middle market. Based in Atlanta, Georgia, MSouth invests primarily in the southern United States with a focus on management buyouts of business services, distribution, specialty manufacturing and telecommunications/media companies. With $1.3 billion under management across three funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.
ABOUT QUARTON INTERNATIONAL
Quarton International (www.quartoninternational.com), with offices in Berlin,Detroit, Graz, Leipzig, London, Munich and Zurich, provides merger & acquisition and capital raising advisory services to the global middle market. Quarton International’s principals have closed more than 500 transactions in 30 different countries.